Canada’s Wealthsimple aims for real-world cryptocurrency use as it looks beyond trading

TORONTO, Jan. 31 (Reuters) – Canadian online broker Wealthsimple wants to chart a future that enables the actual use of cryptocurrencies rather than just facilitating trading, but it will likely encounter unexpected costs and uncertain regulatory terrain along the way. Wealthsimple was launched in 2014 as a stock trading platform and currently has C$15 billion … Read more

U.S. appeals court throws out Deutsche Bank traders’ Libor-rigging convictions

NEW YORK (Reuters) – A US appeals court on Thursday overturned the convictions of two former Deutsche Bank traders for forging Libor, which was among the world’s most important financial standards, and ordered the two men acquitted. . The U.S. Court of Appeals for the Second Circuit in Manhattan found a lack of evidence that … Read more

Wall Street banks eye ‘new normal’ for trading revenue after stellar two years

A street sign, Wall Street, is seen outside the New York Stock Exchange (NYSE) in New York City, New York, US January 3, 2019. REUTERS/Shannon Stapleton/File Photo Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – Wall Street banks expect trading revenue to stabilize at a “new normal” somewhere between … Read more

Analysis: After U.S. bank stock surge, options traders brace for earnings-fueled volatility

NEW YORK (Reuters) – Bank stocks have surged in recent weeks, but the rebound in hedging in a major financial sector exchange-traded fund may be a sign that investors are wary of earnings season volatility, options market experts say. . As major banks such as JP Morgan (JPM.N), Wells Fargo and Citigroup Inc (CN) prepare … Read more